$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ GLD.XBTC.XHourly chart. Below-average retail trade size shows up as yellow candles, while above-average professional trade size shows as white candles. Bullish divergence is marked with a green dot and exhaustion with yellow dots. The 10 EMA is the silver line. Above $80,314.70 looks like pros running a stop hunt in a major demand zone, and that gets reconfirmed above $80,958.79.
Both indexes just posted their highest weekly closes ever. The market keeps absorbing negative headlines and pushing higher, which shows how strong the bulls still are. This could be setting up for another strong leg up. My bias stays bullish as long as SPX holds above 7800 and $Invesco QQQ(QQQ)$ stays above 750. Those are the levels I'm watching.
Instead of $Invesco QQQ(QQQ)$ and QQQM, why not consider $iShares Nasdaq 100 ETF(IQQ)$ from Blackrock? Since its inception in July, I've moved all my QQQ position there, along with QGRW. Would be interested to hear some thoughts on this.
$Invesco QQQ(QQQ)$ US markets open Monday on the Columbus holiday, and that will mark the start of the next bull market rally. Financials will begin reporting as a preview setup for the heavy weighted AI tech firms to come. Accumulation near the 750s range looks likely. I don't anticipate 742 will be resisted going forward. The Semi sector should regain its peak in price, and with that, I maintain the increased QQQ price target of 856-898 by end of Oct and 975-1022 by year end.
$Invesco QQQ(QQQ)$ ETH.X$Strategy(MSTR)$ XRP.XBitcoin breakout feels like it's getting closer. BTC.X has hit triangle resistance three times in two weeks. Once it breaks $87,000, I think $100,000 is coming.
$Invesco QQQ(QQQ)$ The detail I'm watching in $Ruanyun Edai Technology Inc.(RYET)$ is the 10% royalty on qualifying technology receipts. The signed BioNexus agreement would license Cogni AI exclusively for Malaysian healthcare on closing, which gives the AI expansion story a named partner, a specific market, and defined commercial terms. I'm bullish on that direction. Now I want to see closing, deployments, and royalty-generating activity. Those are the milestones that could strengthen the thesis.